Friday Closes in the Red
Wall Street drifted lower to close out the week. The S&P 500 slipped 0.17% to 7,785.76, the Nasdaq Composite eased 0.28% to 26,729, and the Dow gave back 107 points to settle at 53,732. A late-week rebound in chipmakers fizzled, leaving all three major benchmarks in the red.
Yields Press Higher
Bonds stayed under pressure heading into the weekend. The 10-year Treasury yield climbed to 4.69%, while the 30-year reached 5.26%. That steady creep in borrowing costs has been a recurring drag on equities, and Friday's tape reflected it.
Commodities Hold Firm
Energy and metals painted a brighter picture. WTI crude rose 1.4% to $82.40 a barrel. Gold ticked up to $4,432 an ounce, keeping its summer rally alive. Bitcoin idled near $63,000, essentially flat as traders stayed on the sidelines through the weekend.
What to Watch This Week
Retail earnings step into the spotlight, offering a fresh read on consumer strength.
- Retail heavyweights report results — a key test of spending resilience.
- The 10-year yield hovers near 4.69% — could it push toward 4.75%?
- Oil above $82 — any supply headline could move the energy trade fast.
With yields grinding higher and oil firming, this week shapes up as a tug-of-war between solid earnings and lingering inflation worries.